if you want a tip though...When Looking at candlesticks, try to understand WHAT THE MARKET IS TRYING TO DO, instead of memorizing patterns of candlesticks and and delivering the standard response for said pattern.

Thanks for the tip.Are you implying that understanding the market trumps the technical analysis? Some sites seem to be trying to get me to pay a premium on education which seem to be focused heavily on pattern?Is Baby pips enough to get me started.

Are you implying that understanding the market trumps the technical analysis?

No, i'm not Implying it... I'M STATING IT AS A FACT

Understanding Anything, trumps Analysis of Anything.

you can analyze charts until the cows come home, HOWEVER, if you don't understand what it all means IT MEANS NOTHING.

now.. just in case there is some misunderstanding hereDO NOT INTERPRET THIS AS....fundamental analysis trumps technical analysis. because i did not say that nor did i imply it, and if you took it that way, then YOU ASSUME IT

No... What i meant was....UNDERSTAND THE INTENTION OF THE MARKET

so, instead of memorizing patterns and FIXED RESPONSES to those patternsINSTEAD , based on the behaviour of the market.. UNDERSTAND THE INTENTION OF THE MARKET

now.. does understanding INTENTION, trump Technical Analysis... YES IT DOES... any day of the week.

as for this

TraderFR:

Some sites seem to be trying to get me to pay a premium on education which seem to be focused heavily on pattern?

of course they do, and can you blame them ?When you have a newbie that doesn't know anything or many of them, you can charge them for information THAT THEY THINK IS GOOD, when it really is just basic information

which then brings me to this point

TraderFR:

Is Baby pips enough to get me started.

YES. it's MORE THAN GOOD ENOUGHbut, beyond babypips, you have to learn how to apply the knowledge you have learned

babypips will also teach you patterns and cheat sheets (take this with a grain of salt)it's much more useful to watch the screens and LEARN HOW AN INSTRUMENT BEHAVES, so then when you apply technical analysis, IT GIVES A DEEPER AND MORE ACCURATE INSIGHT INTO WHAT THE INTENTION IS.

but as a general rule DO NOT EVER PAY FOR SOMEONE TO TEACH YOU PATTERNS, that's Naive.

I'm a guitaristthats' like me saying to you , i'll charge you to teach you Scales and Chords and Nothing More

well. Learning Am Scale and C Major Chord is completely useless unless you know how to combine the chords into chord progressions, or a scale is useless unless you understand Chord Construction and how to use a scale to solo over a Chord

Knowing the Cheat sheet of ... this is Am and this is B and this is C and this is Fm7 etc....Means nothing unless you know how to put it together

and in trading, Learning chart patterns means nothing unless YOU UNDERSTAND THE INTENTION OF THE MARKET when observing certain events

in babypips, you are taught, WHEN YOU SEE THIS...........................DO THIS

Sadly its' not as easy as that, this is not Binary Logic and it's not a computer that has a Truth Table, or... At least, it is a computer that you are trading with, but IT IS NOT USING THE TRUTH TABLE THAT YOU THINK IT'S USING.

it has a more complicated truth table with many more outcomes beyond....... THIS HAPPENS.............. SO DO THIS.

and because of that YOU NEED TO ADAPT TO A CHANGING MARKET, the Market is not Binary it's not Digital, it's not fixed, it is dynamic and keeps changing, so as to better Mess with your head hehe THIS IS THE TRUTH

Seriously though, it's like this..yes , it comes with experience, but There is also a more systematic approach to it, it goes like this...

Pick 1 instrumentUse it on DemoGet a few hours of screen time a dayand basically you can either Demo Trade on it , or Just watch it.

Now. Because of how your brain works, AFTER A BIT OF TIME your brain is going to find patterns and some logic to the madness (so to speak), now when these patterns occur that you will seem to notice think about .... "Why is the Market doing this" and try to understand the Intention of the Market

Imagine you are the Market Makers trying to get everyone's money, Ask yourself if you did this would it be profitable for you?

start by asking yourself this questionif you are trading EURUSD for example and the market wants to go up, WHY DO PULL BACKS EXIST,? Why doesn't the market just keep going up and up without pullbacksalso. what would happen if pullbacks never occurred

but I see other questions eg Why do resistance occur and what cause the eventual break through.

Exactly, and You're Welcome

so yes, ask yourself WHAT IS A RESISTANCE... REALLY ?? i mean, in the real world, WHAT HAS TO HAPPEN FOR A RESISTANCE TO OCCUR

and yes, a VERY GOOD QUESTION is to understand what is happening when a BREAKOUT happens

keep thinking like this and you'll eventually understand the market intention

and another useful question to ask is thisif Resistance on the Buy Side is when the Sellers are starting to overcome the Buyers then... IS ALL RESISTANCE REAL ?

have you ever played a game of tug o warsometimes both opponents really put in 100% effortbut have you ever played tug of war as a 30 year old against 4 1st graders hehe

They Really Really believe that because there is 4 of them , they are going to win,but truth is, they don't stand a chanceTruth is.. You given them resistance to achieve a certain purpose and goal, but in the end, WHATEVER YOU WANT TO HAPPEN.... WILL HAPPEN

now. if that means, YOU LET THEM WIN, that's what will happenif that means you let the rope go and they sit on their arse.. that will happenif that means you pull really hard and they cross the line quickly... that will happenif that means, you pull JUST ENOUGH so that they cross the line but they cross it slowly, so as to make it look like IT WAS CLOSE.. that will happenif that means that you just stand their and hold the rope until they get tired, and then you win, ... that will happen